First Home Buyers Leave Room for Investors in Property Market
New information from RP Data has shown that the number of active first home buyers in the market has dropped and left room for investors and upgraders to take hold.
This may be of interest to those thinking of buying apartments for sale in Broadbeach for investment, as it means that buyers are likely to be among many like-minded others.
According to RP Data, the level of owner occupier finance commitments for first home buyers in Queensland has dropped to just 9.8 per cent in May 2013.
RP Data research Cameron Kusher has stated that this may be due to the state-provided first home buyer incentive, which is only available for the purchase of brand new properties.
In May this year the total value of housing finance for investment purposes across the country has reached $8.4 billion – this is the highest it has been since January 2008 where the figure was $8.3 billion.
The current low interest rates being offered to buyers may be one of the contributing factors to this increase in investment purchases, as they provide more investors with the option of buying additional properties.
If you would like help with finding apartments or houses for sale in the Gold Coast for investment then contact one of the agents at Ray White Broadbeach today.